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Banking, Cryptocurrencies

“Visa and Coinbase team up to create crypto-backed debit card”

“…Visa today announced a debit card that will allow users to buy things using fiat money converted from cryptocurrency stored in online wallets. The new Coinbase Card it is directly tied to the a person’s cryptocurrency balance in digital wallets managed by… Continue Reading…

Economy

“The U.S. Treasury Just Sold 30-Year Bonds at a Record-Low Yield. Demand ‘Was Amazing.’”

“The U.S. Treasury sold $19 billion of long-term bonds with a record-low yield of 2.061% on Thursday. Not only that, but investor demand was the highest for any sale of a new bond since August 2014, according to Tom Simons… Continue Reading…

Stocks

“Sprint Stock Soars After Judge Approves Its Merger With T-Mobile”

“T-Mobile US and Sprint stocks are soaring after a federal judge gave his stamp of approval to the wireless carriers’ long-pending combination, ruling that the merger wouldn’t lead to less competition and higher prices for consumers in the U.S. Sprint stock (ticker: S)… Continue Reading…

Economy

“Wives now out-earn their husbands nearly a third of the time”

“…Among married couples, wives now out-earn their husbands nearly 30% of the time, up from 15.9% in 1981, according to recently released data from the Census Bureau. “Men’s wages have stagnated in the past decade or so, in part because the economy… Continue Reading…

Business, Stocks

“5 powerful tech companies now make up 18% of the stock market…”

“We are here to say that yes, there is life outside of investing in Apple, Microsoft, Amazon, Google and Facebook. Unfortunately, most investors don’t agree — and it could end badly for them at some point. Those five powerful tech… Continue Reading…

Economy

“The Verdict Is In: Farm Bankruptcies Up in 2019”

“While well below historical highs, Chapter 12 family farm bankruptcies in 2019 increased by nearly 20% from the previous year, according to recently released data from the U.S. Courts. Compared with figures from over the last decade, the 20% increase trails… Continue Reading…

Stocks

“Up 71%, Is Novavax Stock Still a Strong Buy?”

“Yesterday, next-generation vaccine maker Novavax (NASDAQ:NVAX) saw its shares jump by an astounding 71% on nearly 24 times the average daily volume. Investors bid up this small-cap biotech stock in response to the spread of a deadly respiratory virus (a type of coronavirus) from China… Continue Reading…

Economy

“The global economy is likely to rebound in 2020…”

“Global growth is expected to hit 3.3 percent this year, the IMF predicted. That is up from 2.9 percent last year, which was the worst year for the world economy since the Great Recession. The more upbeat forecast for 2020 is… Continue Reading…

Banking, Economy

“Decade of Debt: Federal Debt Up More Than $10 Trillion in 2010s”

“The federal debt increased by a record $10,796,419,662,320 in the decade that is coming to a close today, according to data published by the U.S. Treasury. This was the first decade in the history of the nation when increases in the federal… Continue Reading…

Economy

Sales Up: “No Line to Board Private Jets, but There Is a Line to Buy Them”

“Mr. Papariella’s clients often look to buy used jets, some decades old, that still perform at a high level but cost less up front, he said. A Gulfstream G4 from 2002 might cost $3 million — far better than $60… Continue Reading…